FOXTROTS*

 

UK travel trends; trouble x6

I’ve just worked on UK travel data for the first three months of this year. It is trouble x6; falls in every month, both inbound and outbound.

 

Remember, the fall of the UK currency after the Brexit vote in 2016 was expected to boost visitor arrivals, but also prompt a fall in outbound travel.

 

Whoops.

 

Outbound may be matching expectations, falling -5.4% in Q1. But inbound also fell every month in Q1 (January by a painful -15%), and -5.6% for all-Q1.

 

Could the difference be business travel? Commentary (as above) relates the currency fall primarily to leisure travel. Business travel or even others such as sports-, event-, religious-travel are less affected by currency changes.

 

Could it be that business travellers are having fewer reasons to visit the UK until the post-Brexit economic rules are set?

 

The Fox. Remember, I’m an industry expert in the parallel world.

*Fox – sly.  Trots – left-leaning (Trotsky) plus its more insalubrious meaning.  Foxtrots – leading the industry in a dance.

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